Authorities in Germany, Bulgaria, Serbia, and Cyprus have taken down a cryptocurrency scam network in collaboration with Europol. crypto
“The suspects used advertisements on social networks to lure victims to websites covertly operated by the criminals, which offered seemingly exceptional investment opportunities in cryptocurrencies,” Europol detailed.Europol announced Thursday that authorities from Bulgaria, Serbia, Cyprus, and Germany, in collaboration with Europol and Eurojust, have taken down “call centers selling fake crypto.”
The criminal network, operating through call centers, “lured victims into investing large amounts of money into fake cryptocurrency schemes,” Europol explained, elaborating: The suspects used advertisements on social networks to lure victims to websites covertly operated by the criminals, which offered seemingly exceptional investment opportunities in cryptocurrencies.
Fifteen people have been arrested in the case while 261 were questioned and 22 locations were searched, including four call centers. The authorities also seized three hardware wallets containing about $1 million in cryptocurrencies, approximately 50,000 euros in cash, three vehicles, electronic equipment, documents, and data backups.
Victims, primarily from Germany, were initially convinced to invest small sums of money. “Fake price hikes leading to supposedly lucrative profits for investors then persuaded them to make transfers of higher amounts,” the EU law enforcement agency noted, adding:Europol further revealed that there are also victims in other countries, including Switzerland, Australia, and Canada.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto Lender Nexo Targeted in Bulgaria Probe Into Alleged Money Laundering, Tax ViolationsCrypto lender Nexo under investigation by authorities in Bulgaria on suspicion of money laundering, tax offenses, banking without a license and computer fraud. More than 300 people are allegedly involved in the operation.
Read more »
Romanian authorities seize $4 mln of assets in Andrew Tate caseRomanian authorities said they have seized goods and money worth 18 million lei ($3.95 million) as a part of a criminal inquiry into alleged human trafficking that led to the arrest of divisive internet personality Andrew Tate.
Read more »
Romanian authorities seize $4 million of assets in Andrew Tate caseThe seizures are part of a criminal inquiry into alleged human trafficking that led to Tate's arrest.
Read more »
Andrew Tate loses $4 million in assets after Romanian authorities seize luxury vehicles, watchesRomanian authorities seized millions worth of assets from Andrew Tate's compound near Bucharest on Saturday, hauling away a Lamborghini, a Rolls Royce, and other vehicles.
Read more »
Authorities Name Man in Killing of Riverside County Sheriff's DeputyThe man involved in the fatal shooting of a Riverside County Sheriff's deputy has been identified by authorities.
Read more »
Authorities searching for suspect who stabbed man to death in South Los AngelesThe incident occurred at around 12:30 p.m. on Sunday, where deputies dispatched to the scene arrived to find a man suffering from a fatal stab wound.
Read more »